Block-Collider (EMB)

Type: Platform | Categories: Interoperability Between Blockchains

ROI

-99.82%

More about ROI

Rank

#200 / 200

Current Price

0.00012 USD

Price at ICO

0.07000 USD

Market Cap.

7,000,000 USD

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Token/Coin

BLOCK-COLLIDER OVERVIEW

A mineable multi-chain protocol for stable coins, decentralized exchanges, and meta contracts. The Block Collider multichain is a high-speed distributed ledger built on sets of blocks from other blockchains, integrating those chains together and enabling many cross-chain features. The multichain supports ultra-low latency balance updates with the Financial Information eXchange (FIX) protocol and innovates on reduplication of work and incentives for miner network speed, so that the resulting multichain pushes the frontier of speed and throughput of blockchains. The Block Collider multichain is collaboratively created exclusively by decentralized peer-to-peer miners — with no centralized points of failure, oracles, or validators. Cryptocurrencies are "walled gardens" which cannot reuse, trigger, or execute transactions with other blockchains. If Alice wants to execute Bob’s smart contract, she can only send cryptocurrency from the blockchain on which Bob deployed the smart contract. This lack of cooperation stifles innovation and forces users to place unwarranted trust in validators or centralized exchanges. Merging blockchains together into Block Collider is like building roads between buildings. Hypothetically, one could build a building that has everything, but in practice some buildings are built to work in, some are built to live in — as long as citizens want to be in multiple buildings at different points in time, roads are valuable and necessary. The mainnet will launch with interoperability between Bitcoin (via a drive chain), Ethereum, NEO, Lisk, and Waves. Block Collider builds a new blockchain with a mining algorithm that consumes blocks from other blockchains as a part of its mining computational challenge. Miners who submit a bad block as their proof of work will be rejected by other miners and won't get the block reward. As the difficulty rises, the same incentive framework that strengthens the Bitcoin blockchain will reinforce alignment with miners of the Block Collider. The Block Collider multichain will launch with five compatible blockchains running on technology created to work across hundreds. A sixth hidden chain will also be added to be revealed at a later date. The addition of new chains is decided through a democratic community-led governance process. LOWER FEES. The Block Collider works like a load balancer in that you can use different blockchains to achieve the same value transfer. This flexibility can help overburdened chains which are forced to demand higher and higher fees to establish priority for transactions. REACH MORE USERS, SIMPLE ICOS. Easily enable your Ethereum, NEO, or Waves smart contract or service to accept user transactions from other chains like NEO, Waves, or Lisk, with more coming soon. This ultimately leads to increased liquidity of all blockchains involved. RECYCLE HASH POWER. Reusing blocks made by external blockchains in the consensus process extends the use of those blocks and value of the miners. SECURITY BUILT-IN. By default, cross-chain transactions are encrypted so no one can see what you send on the network. This means no more snooping and no more front-running. BACKWARDS COMPATIBLE. Block Collider lets you keep creating smart contracts in whatever programming language you're used to. Our built-in compilers take care of deploying and executing the contract in its native VM. EMBLEMS A new macro-form of digital ownership, Emblems serve two very critical roles in the Block Collider’s operation. EMBLEMS ARE SOLD IN THE ICO, EACH CONTAINING A BASKET OF CRYPTO CURRENCIES ON 5 BLOCKCHAINS. Each of the 300,000,000 Emblems available serve as a distribution vehicle for “marked tokens”. This means that for every Emblem you receive an airdrop with a fixed amount of tokens on the five founding blockchains (and on one hidden one). AFTER THE ICO A MINER'S EMBLEM BALANCE INCREASES THE AMOUNT OF TRANSACTIONS THE MINER CAN ADD TO A BLOCK. Miners who have a balance of Emblems can add more transactions per block than the default amount, thereby collecting more fees. This allows blocks to dynamically adjust transaction size, while acting as a more stable store of value for miners than mining hardware. NRG is the primary currency of the Block Collider. It is what is awarded to miners when they win a block, and it is how fees required to execute transactions are paid. The relationship to Emblems could be compared with the relationship Gas has with Ethereum, except that Emblems do not automatically generate NRG.

Whitelist Starting

20 Mar 2018 17:00 GMT/UTC

CrowdSale Starting

12 Apr 2018 11:00 GMT/UTC

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Team

Arjun Raj Jain

Linked In

Patrick McConlogue

Linked In
Advisors

Patrick Schilz

Linked In
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